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Source: Financialpost August 13, 2024

Young Canadians left jobless amid influx of cheap foreign workers

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by Workday Workday Youth unemployment at highest lev...

Source: Financialpost August 11, 2024

RBC's former CFO sues bank, denies affair with colleague

Nadine Ahn seeking nearly $50 million in pay and damagesRoyal Bank of Canada’s former chief financial officer is suing for wrongful dismissal, arguing the bank made a “devastating” error when it fired her over a personal relationship with a co-worker — and d...

Source: Financialpost August 10, 2024

Reports of a 'mortgage renewal cliff' have been greatly exaggerated

It’s high time to dial down the dramaFew real estate stories have had more hype in the last year than the dreaded real estate stories, a.k.a. “mortgage renewal cliff,” “mortgage renewal wall,” or whatever other ominous-sounding metaphor commentators came up...

Source: Financialpost August 10, 2024

Lenders cut rates following supersized drop in funding costs

Leading insured five-year fixed rates just dipped to 4.29% — a 16-month lowIt’s rate cuts galore this week as lenders play catch-up to the supersized drop in funding costs. We apologize, but this video has failed to load. Try refreshing your browser, ort...

Source: Financialpost August 10, 2024

Posthaste: Canadian home prices will experience 'sizable pullbacks' in cities you might not expect

Affordability and higher interest rates to bite in the second half of year, says Oxford Economics We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadian home price...

Source: Financialpost August 10, 2024

CRA wins in court as woman fails to justify RRSP overcontribution

Ordered to pay penalty and tax agency's costsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. No one likes paying tax on investment in...

Source: Financialpost August 09, 2024

Trudeau's temporary resident cap could hurt the economy, business groups warn

A surge in temporary residents pushed Canada’s population growth rate to 3.2%, one of the world’s fastestCanada’s independent business advocate says Prime Minister Justin Trudeau’s plan to reduce temporary immigration risks dire economic consequences, unders...

Source: Financialpost August 09, 2024

Air Canada blames Paris Olympics for hurting sales this summer

Canada's biggest airline reports 47% profit drop, stung by softening demand in key marketsAir Canada reported a 47 per cent decline in quarterly profit, stung by softening demand in key markets including France, which some travellers are avoiding this summer...

Source: Financialpost August 09, 2024

Restaurant Brands International beats analysts’ expectations, thanks to Tim Hortons

Consumers around the world are pulling back from dining out as they cope with elevated pricesRestaurant Brands International Inc. released its second quarter earnings Thursday, beating analysts’ expectations thanks to the strong performance of its Tim Horton...

News Source: Financialpost August 09, 2024

Posthaste: Canada is in the grips of a 'Me-cession' — and it's especially bad in Alberta

The economy has managed to dodge a recession, so why are we behaving like we're in one? We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada is in the grips of a '...